The value of bitcoins has jumped by 100% in 2017. On Monday, Bitcoin’s vertical ascent showed no signs of slackening with the digital currency soaring to yet another record high, just short of the $10,000 mark. The cryptocurrency has gained more than a fifth of its value in the past three days. Since the beginning…
According to renowned economist Diane Swonk., the forthcoming holiday season could be witness to a permanent shift in the spending habits among consumers even though that change or shift would be achieved at the cost of the department stores losing out. “They can’t seem to lure into the department stores those millennials,” she said recently…
The new funding round, led by Alphabet’s CapitalG, saw its valuation boost by $500 million to $11.5 billion. As per U.S. share authorization documents filed in Delware, Lyft Inc is raising an additional $500 million in funding led by Alphabet Inc’s CapitalG. The new funding round is an extension of the $1 billion round that…
With Thailand’s central bank giving the go ahead, non-cash transactions are being adopted by even street vendors in Bangkok. Technology’s ubiquity has spread to even street food vendors in Bangkok where they are now accepting payments through Quick Response (QR) barcodes that can read by smartphones. Thailand, famous for its street stall that offer everything…
The case refers to alleged patent violations by Comcast on TiVo’s X1 set-top box. Comcast has said it will go on appeal. On Wednesday, the U.S. International Trade Commission (ITC) ruled in favor of Rovi Corp, now known as TiVo Corp, while prohibiting Comcast Corp from importing and selling certain types of Rovi’s Xfinity X1…
These systemic changes with potentially long term benefits, include the opening of a AI research center in an undisclosed location. On Wednesday, in a development of strategic longterm effect, Samsung Electronics Co Ltd disclosed it would be opening an artificial intelligence (AI) research center, as well as strengthen an executive role which will look for…
Despite the lure of a big market, foreign companies are finding it hard to operate in China due to its asphyxiating business climate. In yet another instance which showcases how difficult it is for foreign tech service providers to operate in China, Skype, Microsoft Corp’s internet phone and messaging service has been removed from app…
Here is how how China Energy Fund Committee guided a Chinese oil and gas company to secure lucrative contracts in Chad. In a development that underscores the methods used to gain contracts, the U.S. has charged a man from Hong Kong as well as the former foreign minister from Senegalese for bribing high-level officials in…
While the move is expected to dent the already low margins of low-cost carriers, it is to be seen how it will impact inbound visitors. On Tuesday, Shinya Katanozaka, the CEO of Japan’s biggest airline by revenue stated, if Japan were to impose a departure tax on airlines, its impact will ripple though a big…
French Prime Minister made it amply clear that France will not tolerate any takeover which is deemed as hostile for its national industries. On Monday, French Prime Minister Edouard Philippe made it clear that the French government will put its weight behind national companies and will not allow any takeover that are deemed as hostile.…
